CoolCo is being bought by EPS Ventures for $9.65 in cash per share. This offers a 26% premium. CoolCo will be delisted from the stock exchange and fully owned by EPS after the merger, which is targeted for late 2025/early 2026.
Boeing Defense, Space & Security (BDS) is teaming up with Palantir Technologies to rapidly adopt Artificial Intelligence (AI) across its defense operations and sensitive programs.
Firefly Aerospace's first post-IPO report showed wider losses and lower revenue. The CEO claims "steady progress", noting they are increasing rocket production to meet strong demand for space launches, especially for national security missions.
Boeing is making major sales. China is about to order up to 500 planes as U.S. trade tensions ease. Separately, Uzbekistan Airways bought 14 huge Dreamliners with options for eight more (worth over $8 billion) to expand its international routes, including to the U.S.
Atlanta-based Genuine Parts Co. is weighing separating its profitable auto parts unit (63% of sales) from its industrial business after settling with Elliott Investment Management.
FedEx posted higher profits & revenue, thanks to cost cuts & strong US package volumes. They plan to spin off FedEx Freight by June 2026. Rates will rise 5.9% in Jan 2026. FedEx forecasts revenue growth despite tariff impacts, aiming for $1B in cost savings.
